Most underrated pre decimal coin & most overrated coin

Started by ausproofs, May 11, 2014, 09:31:29 AM

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ausproofs

Hi Guys n Gals,

What do you think the most underrated pre decimal coin/s?

I will start with a few..

1940 Threepence
1940 Florin and 1941 Florin

Overrated

1934/35 Florin (now this is going to start some dialogue ):angel:

I have based my statements on the population charts and the asking price for the specific coin...

Again this is my uneducated opinion, would love to hear what others think !
Collecting coins is not about having the best, but loving what you have ...

trout

I have to agree with you on the 34/35 florin :ok:

The 1953 and 1954 3d's are pretty underestimated as well
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

autocoupler

I recall something about the 1929 Indian obverse Penny only being produced using one die pair with an estimated mintage of 50,000. If this is correct it could be seen as underrated, particularly in high grade.
As we age we lose three things, one is our memory and arrrrr I've forgotten the other two!

echidna

Quote from: 'ausproofs' pid='48801' dateline='1399766489'Hi Guys n Gals,

What do you think the most underrated pre decimal coin/s?

I will start with a few..

1940 Threepence
1940 Florin and 1941 Florin

Overrated

1934/35 Florin (now this is going to start some dialogue ):angel:

I have based my statements on the population charts and the asking price for the specific coin...

Again this is my uneducated opinion, would love to hear what others think !

In UNC most under-rated:
1942M threepence
1944M penny
All half sovs pre 1900

Most over-rated :
Melb Centenary
QEII post 1956

ausproofs

[/quote]

In UNC most under-rated:
1942M threepence
1944M penny
All half sovs pre 1900

Most over-rated :
Melb Centenary
QEII post 1956
[/quote]

Good point about the 1944 Penny... Good to see I am not the only one to think Melb Centenary is overrated ...
Collecting coins is not about having the best, but loving what you have ...

Fr45h3R

Definitely the 1942M 3d in UNC.
Don't let the pop report from PCGS be the only input into this. There are some coins that may have had mint rolls graded so there are some high grade examples available, but in reality those will probably remain uncontested unless more rolls are found.
The 1959 Melbourne penny is a good example of this. In MS64RB I think the price Purple Penny has for one on the website, it's a steal.

I think there are a number of varieties that are extremely difficult in high grade, but as they're only picked up by variety collectors they don't seem to attract much premium.

nealeffendi

Quote from: 'autocoupler' pid='48814' dateline='1399770401'I recall something about the 1929 Indian obverse Penny only being produced using one die pair with an estimated mintage of 50,000. If this is correct it could be seen as underrated, particularly in high grade.
That figure and claim was made by Mark from Strand Coins. I doubt the claim is correct as I have scores of them from bulk lots. In high grade any 1929 penny is rare.
I don't think the '42M is underrated as the price they sell for reflects how darn hard they are to find in high grade.
As for the Centenary florin being overrated I agree that it isn't an attractive coin but the price is what it is and around $1,500 for a MS65 Geo florin isn't unreasonable.
For underrated coins I think the 19** sixpence is a bargain in the high MS grades. I won't tell youse what year as I'm on the hunt and don't want competition.

trout

QuoteI think the 19** sixpence is a bargain in the high MS grades. I won't tell youse what year as I'm on the hunt and don't want competition.
1953 :)
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

ausproofs

Quote from: 'nealeffendi' pid='48838' dateline='1399775063'
Quote from: 'autocoupler' pid='48814' dateline='1399770401'I recall something about the 1929 Indian obverse Penny only being produced using one die pair with an estimated mintage of 50,000. If this is correct it could be seen as underrated, particularly in high grade.
That figure and claim was made by Mark from Strand Coins. I doubt the claim is correct as I have scores of them from bulk lots. In high grade any 1929 penny is rare.
I don't think the '42M is underrated as the price they sell for reflects how darn hard they are to find in high grade.
As for the Centenary florin being overrated I agree that it isn't an attractive coin but the price is what it is and around $1,500 for a MS65 Geo florin isn't unreasonable.
For underrated coins I think the 19** sixpence is a bargain in the high MS grades. I won't tell youse what year as I'm on the hunt and don't want competition.

Hahaha... I thought we are all friends here :wavemulticolor:

I think you are referring to 1940, 1942 S, 1943 S and 1944 S Zacs ?
Collecting coins is not about having the best, but loving what you have ...

stevo1962

I've been looking for a nice 1952 sixpence for a while and they are very hard
to find in MS63 or better without paying a lot
It\'s not about who you know it\'s about what you know

echidna

Quote from: 'stevo1962' pid='48851' dateline='1399781541'I've been looking for a nice 1952 sixpence for a while and they are very hard
to find in MS63 or better without paying a lot

Very hard in choice.
Most UNCs are weak or have planchet flaws.
Or have been cleaned.

ausproofs

Quote from: 'echidna' pid='48852' dateline='1399781935'
Quote from: 'stevo1962' pid='48851' dateline='1399781541'I've been looking for a nice 1952 sixpence for a while and they are very hard
to find in MS63 or better without paying a lot

Very hard in choice.
Most UNCs are weak or have planchet flaws.
Or have been cleaned.

I have been looking at 1952 Zacs as well.. I agree with echidna ... Only decent 52 Zacs I have come across are expensive to say the least.. Or they are no good at all..
Collecting coins is not about having the best, but loving what you have ...

Fr45h3R

Quote from: 'stevo1962' pid='48851' dateline='1399781541'I've been looking for a nice 1952 sixpence for a while and they are very hard
to find in MS63 or better without paying a lot

There was a nice one in a bulk lot a couple of weeks back.
It looks 'planted' though. Just to the left of the 1954 florin.
Apart from that, it looked great.
http://www.ebay.com.au/itm/Assortment-Australian-1960s-High-Grade-Silver-Sixpence-Threepence-Coins-289g-/171301361014?pt=AU_Coins2&hash=item27e25b5576&nma=true&si=iXL3sIgpMoTLibKD%252FQYegPRsS9Q%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

autocoupler

Quote from: 'Fr45h3R' pid='48855' dateline='1399786190'
Quote from: 'stevo1962' pid='48851' dateline='1399781541'I've been looking for a nice 1952 sixpence for a while and they are very hard
to find in MS63 or better without paying a lot

There was a nice one in a bulk lot a couple of weeks back.
It looks 'planted' though. Just to the left of the 1954 florin.
Apart from that, it looked great.
http://www.ebay.com.au/itm/Assortment-Australian-1960s-High-Grade-Silver-Sixpence-Threepence-Coins-289g-/171301361014?pt=AU_Coins2&hash=item27e25b5576&nma=true&si=iXL3sIgpMoTLibKD%252FQYegPRsS9Q%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

Just looking at those ebay pics. If a seller was attempting to convince buyers that maybe just maybe there was a chance of jagging something in uncirculated, why would they display the coins strewn about like they were earmarked for grandmas Christmas pudding. My idea of uncirculated means no contact after leaving the Mint, or is that naive  :angel::dodgy:
As we age we lose three things, one is our memory and arrrrr I've forgotten the other two!

nealeffendi

Quote from: 'autocoupler' pid='48814' dateline='1399770401'I recall something about the 1929 Indian obverse Penny only being produced using one die pair with an estimated mintage of 50,000. If this is correct it could be seen as underrated, particularly in high grade.

Hi, by chance today Fred (Lever) sent me an updated version of his list of the rarest penny varieties for me to pull apart. Got me questioning if the '29 Indian would make the tail end of the scarce coins.
So I pulled 43 pennies from my stash that were dated 1929. They are reasonably random average circulated coins collected over about 7 years in Sydney and there were 22 English and 21 Indian.
With 2.5 million minted that year that makes it likely that over a million had the Indian obverse so nowhere near scarce.
Took me a few minutes to identify at least 3 die pairs. That claim for a single die pair is wrong.